Investors deserve genuinely independent advice – and the better outcomes that come with it. That’s why we have pioneered a distinctively different approach to wealth management.
Structuring + Tax
You’ve worked hard to build your wealth, so it’s important to optimise every aspect of the way it is structured.
Once we understand your requirements and priorities, we can develop a comprehensive strategy covering investment structures, tax and gearing opportunities, succession planning and estate planning.
Investment Strategy
Why be tied to a limited view of your investment opportunities?
As a genuinely independent wealth management firm, we’ll explore every possible opportunity – domestic and global – to grow and protect your wealth.
Expect always-on, active management with Koda – we continually monitor, review and adjust your portfolio to suit your circumstances and market dynamics, and give you peace of mind.
Family Leadership
We keep families united and ensure their legacy is protected for generations to come.
Family wealth can raise complex and sensitive questions. Addressing those upfront can avoid future disputes, and we’ll work closely with your family to embrace common values and goals in a tailored strategy.
We specialise in conflict-free succession planning and estate planning, establishing philanthropic governance, and the seamless transfer and preservation of wealth.
Philanthropy + Social Capital
We are a purpose-led partner.
With our knowledge and networks, we can help you make the best use of your valuable financial resources, so you can make a positive social impact well into the future.
Koda provides independent advice to individuals and families who are passionate about supporting specific causes, as well as charitable foundations. This includes best practice governance, as well as impact investment opportunities which can generate measurable social, environmental and financial returns.
11 Koda Advisers in Australia’s 2024 Top 150
20 Nov 2024
Today US financial investment publication Barron’s, in partnership with The Australian’s business magazine The Deal, released their rankings of Australia’s Top 150 Financial Advisers. These rankings are based on a comprehensive national survey and provide a unique guide to the top practitioners in the industry. The formula used to calculate the rankings takes into account...
Financial Advisers Find New Niche Breaking Away from the Pack
20 Nov 2024
“Koda is left standing as the only independent Australian offering which operates at scale. We’ve had strong and consistent growth since our founding 10 years ago, and we are even more excited about the opportunity ahead of us,” Steve Tucker says in an article in The Australian. Australia’s high net worth financial advisory business will...
The Role of Personal Values in Shaping Investment Choices
15 Oct 2024
In an increasingly complex and dynamic investing environment, a deep understanding of personal values and mental models is essential for achieving both personal and professional success. Core values serve as fundamental principles that guide our decisions, actions, and interactions, while mental models are ingrained frameworks that shape how we perceive and interpret the world. By...
Small Versus Large Cap Stocks: Exploring the Size Premium
28 Jun 2024
The belief that small cap stocks should outperform their larger counterparts has long been held in the investment world since Rolf Banz first revealed the size premium in 1981. Historical data from 1962, as analysed by Fama and French in their 1992 paper, shows that the smallest 30% of US stocks have outperformed the largest...
Ep 181:
Dafina Toncheva – USVP General Partner (From Communism to Capitalism; and Navigating the Future of Venture Capital)
22 Oct 2024 | 41:13 mins
In this episode of Inside the Rope, David interviews Dafina Toncheva, a general partner at the US-based venture capital firm, USVP. Dafina shares her inspiring journey from growing up in Communist Bulgaria to earning a scholarship to Harvard and completing her MBA at Stanford. Now a prominent figure in venture capital, Dafina discusses USVP’s history,...
In this episode of Inside the Rope, David interviews Dafina Toncheva, a general partner at the US-based venture capital firm, USVP. Dafina shares her inspiring journey from growing up in Communist Bulgaria to earning a scholarship to Harvard and completing her MBA at Stanford. Now a prominent figure in venture capital, Dafina discusses USVP’s history, including its success in managing 12 funds, 11 of which have been profitable. She highlights USVP’s impressive track record, which includes 93 IPOs and over 100 M&A transactions.
Dafina explains her investment focus on early-stage companies, particularly in software, cybersecurity, and digital health. She recounts her early success at Venrock, where she led the first institutional investment in Cloudflare, now a multi-billion dollar company. Despite the initial skepticism from other investors, Dafina’s persistence paid off, making Cloudflare Venrock’s most profitable investment.
Throughout the podcast, Dafina reflects on her unique perspective shaped by her upbringing, her views on the importance of meritocracy, and her belief in free markets. She also discusses USVP’s disciplined approach to early-stage investments and their commitment to liquidity for investors.
Ep 180:
Michael Rosen – Hedged for Success: Convertible Bonds Explained
22 Oct 2024 | 35:17 mins
In this episode of Inside the Rope, David speaks with Michael Rosen, co-founder and CEO of Context Capital. They discuss his journey in finance and the founding of the firm. Michael covers his career managing a mutual fund group and the decision to start Context Capital after recognising the limits of traditional mutual funds, particularly...
In this episode of Inside the Rope, David speaks with Michael Rosen, co-founder and CEO of Context Capital. They discuss his journey in finance and the founding of the firm. Michael covers his career managing a mutual fund group and the decision to start Context Capital after recognising the limits of traditional mutual funds, particularly the lack of hedging options available.
Michael covers Context Capital’s investment strategy, which focuses on convertible bonds, a hybrid asset that sits between debt and equity. Michael explains how the firm manages $2.7 billion while producing an average return of over 12% per year since inception, reducing risk through strategies like shorting equities.
Michael also shares lessons from his restaurant ventures, drawing comparisons between running a restaurant and an investment firm. He highlights the importance of preparation and teamwork in both fields.
Finally Michael highlights his views on future opportunities in convertible markets and how some investors view the strategy as being able to offer equity-like returns with historically less risk.
Soundcloud | Apple music | Spotify | Livewire | Inside the Rope
Ep 11:
Helping Your Kids Without Ruining Your Life (Or Theirs)
18 Jun 2024 | 2:23 mins
How wealthy families help their children financially is a complex topic, as well as a deeply personal one. More families than ever are working through it. In 2020 Koda Capital Adviser & Partner James Hawthorne published a paper titled ‘Helping your kids without ruining your life (or theirs)’. As the wealth in our communities grows,...
How wealthy families help their children financially is a complex topic, as well as a deeply personal one. More families than ever are working through it.
In 2020 Koda Capital Adviser & Partner James Hawthorne published a paper titled ‘Helping your kids without ruining your life (or theirs)’. As the wealth in our communities grows, there is extraordinary potential for opportunity but also conflict between the generations.
Adjusted for inflation, there are more than three times as many households with a net worth in excess of $5m compared to 15 years ago. Additionally, families are smaller, meaning individual children are ending up with larger proportions of family wealth.
‘Helping your kids without ruining your life (or theirs): ten issues to consider when passing wealth to the next generation’ is a report that seeks to shed light on a topic that is rarely discussed in the open.
The full paper is available to download from Koda’s site at https://kodacapital.com/insights/helping-your-kids-without-ruining-your-life-or-theirs/
Ep 10:
The Upside of Maintaining Diversification
15 May 2024 | 2:56 mins
The phrase “diversification is the only free lunch in investing” is attributed to the Nobel Prize laureate Harry Markowitz. Investors accept this principle with few exceptions, however when faced with market turbulence many will retreat to the set of risks that are most familiar to them. In the process they often reduce the diversification of...
The phrase “diversification is the only free lunch in investing” is attributed to the Nobel Prize laureate Harry Markowitz. Investors accept this principle with few exceptions, however when faced with market turbulence many will retreat to the set of risks that are most familiar to them. In the process they often reduce the diversification of their portfolio and alter the risk and reward dynamics of their investments.
In 2020 Koda Capital Adviser & Partner Michael Massey published a paper titled ‘The Upside of Maintaining Diversification’. This is one of three papers in a trilogy series outlining the principles behind Koda’s investment philosophy: diversification, upside/downside capture and time in the market.
These principles are embedded in the strategies we use to construct client portfolios in a way that ensures investments have appropriate levels of diversification both across and within different asset classes. This balance, when combined with investing through cycles, enables clients to enjoy the benefits of compounding returns over the long term.
The full paper is available to download from Koda’s site at https://kodacapital.com/insights/the-upside-of-maintaining-diversification/
Koda in numbers
25
Average years of experience (Koda Partners)
53
Partners
130
Koda team members
4
Offices around Australia
25
Average years of experience (Koda Partners)
53
Partners
130
Koda team members
4
Offices around Australia